Slower US growth means no rate rise for 2019, says Fed
|bbc.com 20 Mar 2019 at 11:47|
It said: "Recent indicators point to slower growth of household spending and business fixed investment in the first quarter."
The Nasdaq turned positive, up 0.35% at 7,750.7 points, while the Dow Jones Industrial Average and the S&P 500 trimmed earlier falls.
- where members of the Fed s Federal Open Market Committee indicate where they expect interest rates to move to - also revealed that they anticipate only one increase in 2020.
The Fed also said that is will slow the monthly reduction of US Treasury bonds it holds from $30bn to $15bn from May onwards ending in September.